3008 3Rd StPhoenix, AZ 85012

Property Details for 3008 3Rd St

Year built

1975

Construction

STEEL FRAME

Lot size

1.80 AC

Property size (Sq ft)

33,108 SF

Zone code

P-1

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

118-35-156

APU

11835156

Description

This exceptional 37,078 square foot medical office building, situated on a 1.8-acre lot in Phoenix, Arizona (APN 118-35-156), presents a unique owner-user investment opportunity. The Class B property, built in 1975 and extensively renovated in 2016, features 46 individual patient rooms with a potential for 92 beds with double occupancy. The building boasts a comprehensive array of amenities including a physical therapy center complete with a pool, and a full commercial kitchen. Zoned R-5, this three-story building offers significant potential for a variety of medical uses. Its prime location in Phoenix, within five miles of nine hospitals, ensures high visibility and accessibility. The property's Matterport 3D virtual tour provides a comprehensive view of the facility's layout and condition. This is a rare opportunity to acquire a well-maintained, established medical facility in a thriving healthcare market. The property is for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $7,150,822

  6.5%

  $6,600,758

  7%

  $6,129,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,869,138

  Geo Method

  $5,869,138

• Alternative Use

  Use

  Valuation

  Residential

  $8,373,341

  Hospitality

  $7,669,936

  Educational

  $6,381,296

  Medical

  $6,600,758

  Retail

  $9,926,461

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4826

Longitude

-112.07

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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